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In this tutorial, Derek Barnado, a broker at Solid Source Real Estate Companies, addresses how to amend brokerage agreements, specifically when a seller wants to reduce the price of a listed property. He emphasizes that any changes to agreements—such as purchase and sale agreements or listing agreements—can be made using an amendment form, which must be signed by the broker or licensee and the principal. Barnado mentions that the Georgia Association of Realtors provides a specific form, the amendment to brokerage engagement, to facilitate these changes. He plans to share his screen to demonstrate how easy it is to use this form.
